Has Elon Musk's twit caused the Bitcoin bubble burst?

[pinggoki]

Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?

Tbh. there's no single person or any person that may said that the bitcoin will down even though your a famous and big investor of bitcoin, because at the end of the day there are no any people who is controlling the bitcoin. Is it just because Elon Musk tweet something, it may crash bitcoin? NO! Maybe there's a little impact on the market but yet there's no one who can says that the bitcoin will crash and as I am seeing right now he is just doing this to manipulate the market and to obtain more bitcoin in a very cheaper price.

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[milewilda]

When these people do say out some words then we cant really deny that they can really make out significant effects on the market but it would really be enough to crash it down to the floor.
Bitcoin doesnt only talk about Elon Musks itself considering on how many people had been owning bitcoin in the first place.He can spread up manipulative words as he like but this
market will recover no matter what and thats inevitable. One thing on where i do believe that Elon is busy off is on with Dogecoin.He had been hyping this
meme coin a lot in past weeks or months.

[rdbase]

There are more celebrities that have actual influence in their analyst skills in what bitcoin sector is in.
And that is the financial district such as Mr. Wonderful who just added those laser eyes to his twitter profile picture while tweeting about bitcoin which he added 3% of his total portfolio with just yesterday.
So instead of taking financial advice from a amateur crypto-dummy like Musk and his musketeers who follow him on that platform and hanging by every word he has to say, rather take a queue from Kevin O'leary who actually has known history to make "The right call!" on what to look out for that will make you money.
He is one of the sharks on Shark tank after all.
Him and Mark Cuban are both pro bitcoiners right now.
Take what they have to say about it to heart and just see what Elon has to say about nothing he knows absolutely nothing about as just a joke.
As he has been crowned the meme master on the internet a while ago.

[Ridwan Fauzi]

Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?

I guess no, Elon Must has attracted many people to join and support bitcoin. If bitcoin crash, I have no reason to blame Elon Musk, the price crasshed it just because the investor or holder thing that bitcoin should meet a correction as a healthy movement.

Yeah, we should be carefull if there is investment place who continously increase without any correction. We will expect the its price movement will dump eventually, so I don't want to see it in bitcoin price movement. Taking profit is really important for short term investment, so if the bitcoin price drop it doesn't mean it will be crasshed but it is just meet a correction.

[MCobian]

I don't think Elon Musk deserves to be blamed if Bitcoin suddenly drops in price, because Elon Musk never forced people to buy Bitcoin in the first place.
So the person who decides to buy Bitcoin is indeed done with full awareness and without coercion from anyone. So if we do experience a loss, the risk
must be borne by each person, don't blame Elon Musk.

Don't just want to profit, but we have to be prepared for the risk too. The mistake of many people when investing in Bitcoin, is not learning about
Bitcoin first, before finally buying Bitcoin. So a lot of people panic when the price of Bitcoin suddenly drops, and end up blaming other people when
they experience losses.

[suzanne5223]

I believe that Elon Musk tweets have influenced the rise in asset prices on crypto exchanges, but I don't think it's a bubble. An increase in the price of an asset is dominated by demand and supply. when market demand increases, the price will increase. So, when Elonmusk talks about bitcoin or doge, their fans will buy-in, and investors will also take advantage of the trend to make a profit.

No doubt Elon has a lot of influence ever since he was named the world's richest man but his tweet only don't actually influence the price of the cryptocurrency market and this is the fact major of people in crypto don't notice. He have the money so what he usually do is to make the announcement through his Twitter account, invest in the coin just to create traffic and since the most investors of this day are opportunist they join the trend and every go boom.

[Stedsm]

Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?

He's been jerking off over to the price of BTC when it went up too high because as he mentioned it "later" that Tesla bought $1.5 billion USD worth of BTC, some fools (according to his mentality and as he thought) believed that he bought at a high of $45k. Freak, did they really believe his shit? He must have bought it already during the accumulation phase of around $10k and $19k and have sold it over at $57k-$58k and then started tweeting about the price of BTC being so high, just in case to test it out that his tweet does the job for him or not (which it probably did because this bastard has a wide network of high-end investors whom he can easily influence and move the markets to his desired direction). Now, he's the only one who is in huge profits and is still going to make a move soon once he accumulates back at a specific support area.

[bbc.reporter]

I believe that Elon Musk tweets have influenced the rise in asset prices on crypto exchanges, but I don't think it's a bubble. An increase in the price of an asset is dominated by demand and supply. when market demand increases, the price will increase. So, when Elonmusk talks about bitcoin or doge, their fans will buy-in, and investors will also take advantage of the trend to make a profit.

Pump & dump
Elon is using Doge as an accelerator.

Buy Doge stealthy then promote it and make instant 800% over it.
Inject into Bitcoin and wait for that to go 400%.

So 1M becomes 8M becomes 64M... that’s how you make huge profits...

Elon Musk has turned himself from bitcoin hero to someone similar to John McAfee in less than 1 month hehehe.

However, is he doing this to pump and dump or is he doing this as a distraction? Tesla was summoned by Chinese regulators on the day the news about Tesla’s bitcoin purchase was announced. I speculate that it was not a coincidence.

[Findingnemo]

He made some profits with his previous tweet so did the same and got the reap as well because price again went to 50K from 44k, and it shows that cryptos prices cannot be controlled even by the richest people on the planet.

[uray]

Tbh. there's no single person or any person that may said that the bitcoin will down even though your a famous and big investor of bitcoin, because at the end of the day there are no any people who is controlling the bitcoin. Is it just because Elon Musk tweet something, it may crash bitcoin? NO! Maybe there's a little impact on the market but yet there's no one who can says that the bitcoin will crash and as I am seeing right now he is just doing this to manipulate the market and to obtain more bitcoin in a very cheaper price.

So are you telling that it is possible for a single person to manipulate the market or is it impossible to manipulate the market  .
Bitcoin is not controlled by anyone but if you are having a huge bank balance then you have the capacity to manipulate the market and since it is not regulated you wont be facing any issues.

[arufox]

Pump & dump
Elon is using Doge as an accelerator.

Buy Doge stealthy then promote it and make instant 800% over it.
Inject into Bitcoin and wait for that to go 400%.

So 1M becomes 8M becomes 64M... that’s how you make huge profits...

This scenario only happens if you buy at the dip and sell at the peak, and I think no one cant do it, if people see the price increase 100%-300%, they will sell it immediately, no one waiting until become 800%, Even Elon Musk can make doge price become 800% but it's not mean all people will gain 800% profits

[STT]

Elon is just a figure head of course, more important news really is about dollar yields which are a bearish indication for massive monetary flow and this does have an effect on Bitcoin outlook.   Elon commands billions and sure its news but a one off isnt that much, dollar news is about trillions so almost anything there is a big deal and when its a trend then it alters everything.

[Renampun]

you misunderstood it...
elon's tweets only make the market livelier, those who don't believe in Bitcoin will definitely not dare to buy Bitcoin but those who believe in Bitcoin will definitely buy it and HODL even though the price drops. the point is whether Elon tweeted about Bitcoin or not, the number of Bitcoin lovers and haters is the same.

[Wilhelm]

Pump & dump
Elon is using Doge as an accelerator.

Buy Doge stealthy then promote it and make instant 800% over it.
Inject into Bitcoin and wait for that to go 400%.

So 1M becomes 8M becomes 64M... that’s how you make huge profits...

This scenario only happens if you buy at the dip and sell at the peak, and I think no one cant do it, if people see the price increase 100%-300%, they will sell it immediately, no one waiting until become 800%, Even Elon Musk can make doge price become 800% but it's not mean all people will gain 800% profits

Buy before you hype it. Then during the hype buy some to fake your position and start the upward momentum.
Then when everyone is buying GTFO...

[XCANA]

Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?

I don't really think so mate becasue Elon Musk's bought from the top and for anyone sitting out there saying that he caused the bubble burst with his twits i disagree. Basically he trying to sturdy the entire Bitcoin market before another action of him, so, let wait for something good twits from Elon Musk's. Possibly we are experiencing some little correction which are needed for another forward match.

[suzanne5223]

I don't really think so mate becasue Elon Musk's bought from the top and for anyone sitting out there saying that he caused the bubble burst with his twits i disagree. Basically he trying to sturdy the entire Bitcoin market before another action of him, so, let wait for something good twits from Elon Musk's. Possibly we are experiencing some little correction which are needed for another forward match.

Honestly, people like Elon can be conning sometimes, difficult to predict and it hard to know when he actual invested in Bitcoin because we can only know when he publicly announces his investment.
In my opinion, this people will always use us to achieve their pump and dump procedure but I also disagree Elon was the reason for the dump in price either.

[Lanatsa]

I don't really think so mate becasue Elon Musk's bought from the top and for anyone sitting out there saying that he caused the bubble burst with his twits i disagree. Basically he trying to sturdy the entire Bitcoin market before another action of him, so, let wait for something good twits from Elon Musk's. Possibly we are experiencing some little correction which are needed for another forward match.

Honestly, people like Elon can be conning sometimes, difficult to predict and it hard to know when he actual invested in Bitcoin because we can only know when he publicly announces his investment.
In my opinion, this people will always use us to achieve their pump and dump procedure but I also disagree Elon was the reason for the dump in price either.

You might see elon to have that kind of behavior but doesn't mean that he is really truly engaging with bitcoin with outmost sincere or does have that kind of support.

The intent of seeking out for profits is always there in spite of being the richest man in the world but still looking for more profits would be still in priority.

Now, people had been eyeing on his next possible tweets about recommendations.This guy is been hyping up that much on DOGE but it seems people are
still on that observing mode yet it didn't really move up much nowadays.

[suzanne5223]

Honestly, people like Elon can be conning sometimes, difficult to predict and it hard to know when he actual invested in Bitcoin because we can only know when he publicly announces his investment.
In my opinion, this people will always use us to achieve their pump and dump procedure but I also disagree Elon was the reason for the dump in price either.

You might see elon to have that kind of behavior but doesn't mean that he is really truly engaging with bitcoin with outmost sincere or does have that kind of support.

I actually don't expect people like Elon to engage in Bitcoin with utmost sincere which is something we have once seen in McAfee, Ver etc that's the reason why I said earlier that people like him can be conning sometime.

The intent of seeking out for profits is always there in spite of being the richest man in the world but still looking for more profits would be still in priority.

The rich will always be thirsty to make more money and fame which is the reason why I don't believe mostly in everything people like them say.

Now, people had been eyeing on his next possible tweets about recommendations.This guy is been hyping up that much on DOGE but it seems people are
still on that observing mode yet it didn't really move up much nowadays.

I still don't know why some people will never learn or face the genuine fact about the disadvantage of the hype created by him.

[Fatunad]

Pump & dump
Elon is using Doge as an accelerator.

Buy Doge stealthy then promote it and make instant 800% over it.
Inject into Bitcoin and wait for that to go 400%.

So 1M becomes 8M becomes 64M... that’s how you make huge profits...

This scenario only happens if you buy at the dip and sell at the peak, and I think no one cant do it, if people see the price increase 100%-300%, they will sell it immediately, no one waiting until become 800%, Even Elon Musk can make doge price become 800% but it's not mean all people will gain 800% profits

Buy before you hype it. Then during the hype buy some to fake your position and start the upward momentum.
Then when everyone is buying GTFO...

Casual manipulation? This isnt something new and thats the typical movement on where these people do buy when the market is silent or doesnt have any news or events
and then they are trying to hype it out and buying to make some realistic movement to fool up the community and would be doing the same.Those people arent
really that dumb to hype a market and wont be considering on making profits with it.Those are wise bastards as usual.

[wheelz1200]

Has Elon Musk's tweet caused the bitcoin bubble to burst? Will it be the beginning of the bitcoin crash?

I think yeah it might have an effect as seen by the tweets he's made but for him to cause a compete bull or bear market on a trillion dollar asset by merely tweeting something is kinda rediculous.  I'd say for the day it has a positive or negative mark on bitcoin but not for long stretches, too many players involved at this point